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Economy
Stories and analysis from The Business Now newsroom.
Business
The Perfect Storm: How AI, Global Wars, and Economic Uncertainty Are Triggering the Biggest Wave of Job Losses in Years
The Perfect Storm: How AI, Global Wars, and Economic Uncertainty Are Triggering the Biggest Wave of Job Losses in Years A new wave of layoffs is sweeping across the global economy—but unlike previous downturns, 2026’s job cuts are being driven by multiple powerful forces at the same time. Artificial intelligence is automating tasks once performed...
Business
Wall Street Selloff Deepens: Oil Tops $100, Tech Giants Slide, and Investors Brace for More Turbulence
Wall Street Selloff Deepens: Oil Tops $100, Tech Giants Slide, and Investors Brace for More Turbulence Global financial markets are facing another period of heightened uncertainty. A combination of Brent crude oil climbing above $100 per barrel, weakness in leading technology companies, and the implementation of new U.S. tariffs has weighed on investor sentiment. The...
Economy
Russia’s War Comes Home: Why Ukraine’s Strikes Are Hitting Everyday Russians Like Never Before
Russia’s War Comes Home: Why Ukraine’s Strikes Are Hitting Everyday Russians Like Never Before For much of the conflict, the daily realities of the Russia-Ukraine war were felt primarily on Ukrainian soil. But that dynamic is changing. Ukraine has significantly expanded its long-range drone campaign, targeting military facilities, logistics hubs, energy infrastructure, and industrial sites...
Business
Trump’s Nominees Hit an Unexpected Roadblock: Why Elizabeth Warren Just Stopped a Key Senate Vote
Trump’s Nominees Hit an Unexpected Roadblock: Why Elizabeth Warren Just Stopped a Key Senate Vote A routine Senate confirmation process unexpectedly turned into one of Washington’s latest political flashpoints after Senator Elizabeth Warren objected to moving forward with votes on several Trump administration nominees, citing concerns over background check procedures. The delay has reignited debate...
Economy
Buying a Home Just Got Harder: Mortgage Rates Hit Their Highest Level in Nearly a Year
Buying a Home Just Got Harder: Mortgage Rates Hit Their Highest Level in Nearly a Year For millions of Americans hoping to buy a home, financing just became more expensive. The average 30-year fixed mortgage rate has climbed to 6.58%, its highest level since August of last year, according to the latest market data. The...
Dow Jones
Think $10,000 Can’t Change Your Life? Here’s What It Became in QQQ Over 10 Years
Think $10,000 Can’t Change Your Life? Here’s What It Became in QQQ Over 10 Years Imagine making a single $10,000 investment and then doing absolutely nothing for the next decade. No day trading. No market timing. No chasing the latest meme stocks. Just patience. For investors who placed that bet on the Invesco QQQ Trust...
Business
Beyond Washington and Tel Aviv: How India’s Defense Future Could Be Affected by America’s New Bill
Beyond Washington and Tel Aviv: How India’s Defense Future Could Be Affected by America’s New Bill A new provision in the United States’ annual defense legislation has triggered an intense political debate in Washington. Critics argue it could deepen military integration between the United States and Israel, while supporters describe it as a way to...
Business
Trump Warns Iran After Red Sea Tanker Attacks: Could the World’s Most Critical Shipping Route Be at Risk?
Trump Warns Iran After Red Sea Tanker Attacks: Could the World’s Most Critical Shipping Route Be at Risk? A fresh escalation in the Middle East has once again placed one of the world’s most important maritime trade routes under intense global scrutiny. After two Saudi oil tankers were attacked in the Red Sea, U.S. President...
Business
Super El Niño Warning: Could the Next Climate Shift Disrupt Food Prices, Energy Markets, and the Global Economy?
Super El Niño Warning: Could the Next Climate Shift Disrupt Food Prices, Energy Markets, and the Global Economy? Weather rarely makes financial headlines—until it starts moving markets. New long-range forecasts from meteorological researchers are drawing attention to the possibility of a very strong El Niño event developing into late 2026 and early 2027. While no...